Success Universe announced that it recorded a significant decrease in profit after tax for the five months ended 31 May 2015 compared with corresponding period in 2014.
The decline was mainly attributable to the substantial decrease of the group’s shared profit of Ponte 16, the flagship investment project of the group, the company said in a filing, without giving monetary figures.
The company, which provides sales and technology services for China’s sports and welfare lottery businesses, also says it has struggled amid the downturn of Macau’s gaming sector since the second half of 2014 and the voluntary and temporary suspension of the paperless lottery sales in China.
“The Group is expected to record a significant decline in the unaudited consolidated interim results for the six months ended 30 June 2015 as compared with that for the last corresponding period,” the company added.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Melco Resorts & Entertainment said Morpheus at City of Dreams, Star Tower at Studio City, Altira Macau and Nüwa at City of Dreams Manila have become among the first hotels and resorts in the world to achieve the Sharecare Health Security VERIFIED with Forbes Travel Guide certification.
The local chapter of Japan’s leading opposition party, the Constitutional Democratic Party of Japan, has formally asked Yokohama Mayor Fumiko Hayashi to withdraw her comments to the city council that indicated her view that there is “no significance” to a popular referendum on IR development.
Wakayama Prefecture is collecting final documents from the two accepted operator bidders, Suncity Group and Clairvest Neem, with the intention of making its selection of its operator partner this spring.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.